"Paper is poverty, .... it is only the ghost of money, and not money itself." -- Thomas Jefferson, 1788
Last week while the horrific fires were burning up Southern California and every major news network, including cable were providing non-stop coverage, a very dangerous bill to liberty and freedom was passed by 404 members of the U.S. House of Representatives. Called the 'Violent Radicalization and Homegrown Terrorism Prevention Act of 2007', this bill is perfectly summed up here:
"First let's take a look at the definitions of violent radicalization and homegrown terrorism as defined in Section 899A of the bill. The definition of violent radicalization uses vague language to define this term of promoting any belief system that the government considers to be an extremist agenda. Since the bill doesn't specifically define what an extremist belief system is, it is entirely up to the interpretation of the government. Considering how much the government has done to destroy the Constitution they could even define Ron Paul supporters as promoting an extremist belief system. Literally, the government according to this definition can define whatever they want as an extremist belief system. Essentially they have defined violent radicalization as thought crime."
Why was this bill passed now? Besides yours truly, thousands of economists and constitutional activists have been warning for decades what will happen if treaties like NAFTA were shoved down our throats destroying our most important, productive job sectors along with the continued fleecing of the people's purse. Let's look at some current data to bring things into perspective and it's not pretty:
Foreclosures, default notices soar locally and across the state. October 26, 2007: "Home loan defaults and foreclosures spiked again sharply in July, August and September throughout California and the capital region, setting records and adding more stress to an already-slumping housing market." Billions in housing wealth at risk as foreclosures soar. October 26, 2007: "More than $23.6 billion in California housing wealth will evaporate if real estate prices continue to decline and foreclosures on subprime home loans soar, according to a new congressional report that indicates the fallout from the national mortgage crisis is worsening." Cash-strapped Americans raiding their 401(k)s. October 14, 2007: "Despite potential tax and investment problems, more investors have been borrowing from their 401(k) plans or taking hardship withdrawals in recent months, some retirement plan providers say. Many in the field expect more borrowing in 2008, as consumers struggle with tighter credit and potentially higher mortgage payments."
2 Million Americans Face Losing Their Home. October 26, 2007: "An influential congressional committee warned yesterday that 2 million US families face losing their homes in a "tidal wave" of repossessions with an estimated cost of $71bn." US loan default problems widen. October 21 2007: " Poor quarterly results from banks across the US over the past two weeks suggest credit problems once confined to high-risk mortgage borrowers are spreading across the consumer landscape, posing new risks to the economy and weighing heavily on the markets. US banks have raised reserves for loan losses by at least $6bn over the second quarter and by even larger amounts from last year, indicating financial executives believe consumers will be increasingly unable to make payments on a variety of loans. " Goodbye dollar, hello inflation. October 24, 2007: "In summary, expect continued deterioration in the dollar's purchasing power and increases in inflation over the longer term. Inflation will not be confined to the US; it has appeared and will continue to appear in countries across the globe. Every government will try their damnedest to paper over their monetary inflation with ridiculous explanations and reconfigured price indexes which purport to show "low inflation". Still, worldwide inflation is here and it is only a question of which fiat currency will depreciate at the fastest rate against relatively hard currencies and gold."
When people have no money to spend except for food and shelter, it kills the local economy. Retailers are already anticipating a dismal Christmas season. Dr. Edwin Vieira has warned for decades this banking crisis was coming. He pointed out in a column, March 17, 2005, that a monetary and banking crisis was on its way. In his March 21, 2005, column, Edwin said: "Pointing out these stories to a New Hampshire State Legislator, I explained the logical connection among them: first, that this country is on the verge of an inevitable financial melt-down; second, that politicians are intent on making things even worse; and third, that when the Ponzi pyramid collapses, the same politicians whose irresponsibility caused the situation will impose draconian restrictions on common Americans by means of police forces amply provided with weapons and heavy equipment suitable for house-to-house fighting in Stalingrad."
Many times I have reminded Americans that back in 1984, Lt. Col. Oliver North, directly helped draft a plan in 1984 at the direction of Ronald Reagan to impose martial law in the United States in the event of an emergency. This secret plan would suspend the U.S. Constitution and turn over control of the government to the little known agency at that time: FEMA. This plan would appoint military commanders to run state and local governments - remember Katrina? Implementation of this plan would have been triggered by violent and wide spread internal dissent, disagreement with government policy or national opposition to any U.S. military invasion abroad. Essentially, it amounted to a complete and total suspension of the U.S. Constitution and Bill of Rights.
Many times I have reminded Americans about a 1997 essay in the Sacramento Bee titled: Our Civilian-Military Face off, which also carried a sub headline: Bill of Rights No Obstacle for the [Marine] Corps. This piece exposed the mindset way back then that at some point due to: "...the rising potential for civil disobedience within the inner cities it is 'inevitable' the U.S. military will be employed more often within American borders." In my March 10, 2005 column, I said that at some point, it was a given that posse comitatus is likely to be thrown out the window. WACO was the test case in violation of posse comitatus which resulted in our military burning and gassing to death 74 Americans, 17 of them children. For the most part, America was silent and sickeningly, large numbers felt the outcome was "necessary." Well, it came to pass and NWVs columnist, Greg Evensen, former Kansas State Trooper, summed it up quit succinctly:
"In addition to this ?group think? concerning the police ?mission? of enforcing the law?regardless of whether or not the law is righteous or constitutional---is the recent historic change in federal law. I am referring to Public Law 109-364, or the ?John Warner Defense Authorization Act of 2007? (HR5122) (2), was signed by President Bush on October 17, 2006...It allows the President to declare a ?public emergency? and station troops anywhere in America. Further, Section 1076 of this Act, entitled ?Use of the Armed Forces in Major Public Emergencies and Section 333 Major Public Emergencies--interference with State and Federal Law, says that the President may use these forces when HE determines that domestic violence has occurred to such an extent that a State is incapable of (read that ?refuse or fail? in) maintaining public order, ?in order to suppress, in any State, any insurrection, domestic violence, unlawful combination thereof or conspiracy to commit these acts against the United States. This ?repeal? of the Posse Comitatus Act (PCA) is a deadly blow on this historic prevention of US army units intervening in local disputes. The 1878 Act, protected local jurisdictions and even states from the willful intervention of corrupted or dictatorial executive branch orders being forced upon the locals by Army units in a law enforcement capacity." full report: http://www.newswithviews.com/Devvy/kidd318.htm